Akon's attempt to create a social media website is blowing up in his face -- first, the site floundered ... and now a company that worked on it is suing him for more than $127,000 ... TMZ has learned.
Atlanta Business Video recently filed the lawsuit in Georgia -- claiming it was hired in 2011 to cut video for "Fantrace" but never got paid a stinking dime.
FYI -- "Fantrace" was created by Akon and 2 business partners who wanted it to be a Facebook-type forum where fans interact with celebs. Great idea, but according to ABV it was poorly executed.
ABV says it put in 1,023 hours of work -- worth $127,875 -- and wants to get paid ASAP.
We called Akon for comment, and he said -- "Konvict ... Muzik."
Actually, he hasn't gotten back to us yet. But that would've been awesome.